rev3altech

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Secure NFT With REV3AL’s Multi-Layered Technology

NFTs are now being seen as a way to have possessions in the real as well as the virtual world. Some people are collecting these digital assets to maintain their social status and some are collecting them for their personal collection.

What is NFT? NFTs are blockchain-based unique digital tokens that represent the ownership of digitally scarce goods such as art, collectibles, or even real estate. Anyone can buy and sell these digital assets in an online marketplace using cryptocurrency.

Even though NFTs and cryptocurrencies are encoded with the same underlying software, they are totally different from each other. Every NFT available in the market has its own value, unlike cryptocurrency, these digital artworks can not be traded or exchanged at equivalency. 

Why people are sending billions of dollars on an NFT?

The answer to this question can be found in the technology on which NFTs are built. 

As mentioned above, NFTs are built on blockchain technology, which makes it difficult for anyone to erase or modify digital arts once they are imputed. These digital assets provide a certain kind of assurance to their owners.

People are ready to spend a huge amount of money on NFTs because these digital assets offer a unique quality to them. 

Whether NFTs are Fullproof Security?

Though it is difficult to modify or erase details on blockchain technology, it is not impossible for scammers to deceive people. They can copy an NFT or even convert someone else’s artwork into an NFT and sell at online marketplaces. 

The scammers even use replica stores, artist impersonation, fake bidding and airdrop methods to mislead a collector. 

In August 2021, a big NFT scam took place. A person named Pranksy spends $30,000 in ETH to buy Banksy NFT. Later, Banksy’s spokesperson clarified that the artist had no involvement with NFTs, and stories came out declaring it a fake. However, very soon the seller of the fake NFT spontaneously refunded the ETH to the collector.

Later, while releasing a public statement, Pranksy informed that he heard about the auction from someone in his Discord.

How REV3AL Can Offer Security?

REV3AL is introducing a multi-layered authenticate and copyright protection technology that would prevent users from getting scammed. It will provide a platform and solution that protects the identity of creators, IP owners and collectors. 

REV3AL is a first-of-its-kind Copyright Protection  & IP Protection technology with self-verifying effects for Digital Assets. 

Soon this technology will be available for the clients. It will be delivered to them via an API “Application Programming Interface” which will help them ensure the authenticity of the digital asset. 

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REV3AL is a blend cutting-edge technologies, designs & development approaches– to create digital experiences built upon solid foundations of creativity & knowledge in the field of interactive design.

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One technology, numerous benefits. Digital products can be easily copied and distributed, transmitted, manipulated anonymously with no way to identify theft. #DigitalWatermark is one of the best  technologies to protect #digitalassets against #theft. All will be Rev3aled.

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Green Crypto with Rev3al

Cryptocurrency is notorious for squandering ample power to emit metric tonnes of Carbon each year, yet a rising number of miners are devising green, profitable new tactics worth a fortune in their own right. As the need to integrate cryptocurrencies and supervise cryptocurrency exchanges, work into lowering the cost of generating renewable energy is expected to intensify. Regulations aimed at making bitcoin mining more efficient would eventually lead to the usage of renewable energy, bringing cryptocurrencies closer to acceptance as legal cash. Not only is cryptocurrency volatile but it is also a contentious issue of debate.

Mining is a complicated process that is used to produce cryptocurrency. In broad strokes, specialised mining machines compete to solve complicated arithmetic equations that result in the creation of modest sums of new cash. The workstations that  are placed all over the globe, often work 24/7 and need a lot of power to continue operating and cool. Reading the New York Times, one would know that the mining process uses roughly 91 terawatt-hours of power every year, which is more than Finland, which has a population of 5.5 million people, uses in a year. Standardising a single cryptocurrency transaction of Bitcoin takes over 2,004 kilowatt-hours of electricity, which is enough to power the average American family for roughly two months or even more.

How is mining an environmental concern ?

Crypto miners are always attempting to improve their equipment in order to make it more profitable, and those machines are evolving at a rapid rate. They are fast becoming older generations, and they are highly specialised. This isn't only about reducing carbon emissions; it's also about reducing I.T. gear waste, as it  also contains hazardous compounds. That's water pollution and, at some point, pieces in the incinerator, which no degree of renewable resources can ever address.

What can be done ?

When you have an electricity infrastructure, you want it to grow more sustainable over the long term. Increase the amount of renewable energy. These include variable energy supply options, such as hydro, solar, and wind, all of which are excellent possibilities for the mining capabilities. To provide power quality in the event of a steady load. Crypto mining is a continual strain for consumers, but it may be lessened. It may be switched off if the supply is stressed for 200 hours per year. As a result, the power system benefits from it. Hence this can be a win-win situation for all parties involved.

The “Conscious” Cryptocurrency 一

Call it firm minded or a stout belief but Rev3al strongly believes that the negative environmental consequences of cryptocurrency mining can be mitigated by technology. With Rev3al you can envision a creative direction of mining cryptocurrencies that would lead to a more environmentally friendly future for the business. We represent ourselves as the mouthpiece in the cryptocurrency community, which is battling with the environmental implications of cryptocurrency mining and seeking ways for the future. The idea of making cryptocurrency mining more environmentally preferable is a novel idea. There are several companies that promise to be better for the environment by absorbing surplus energy from locations such as abandoned oil wells. Companies are also building more efficient machines that use less energy to mine cryptocurrency.

In 2022, Ethereum, the second most popular cryptocurrency, will upgrade to version 2.0, which would drastically lower its power utilisation and detrimental environmental effect. These initiatives come at a time when environmentalists are advocating for more environmentally friendly ways to generate bitcoin, since the process has for years depended heavily on green energy.

Rev3al 一  Socially and Environmentally Conscious

Albeit; much work has to be done to lessen the ecological footprint of cryptocurrency trading, eco-conscious traders should take heart in the fact that progress is being made. While the Crypto Climate Change continues to function and the impact of cryptocurrency exchanges are taking place, the climate is being investigated and concerned traders have a number of options for voting with their currencies.

Supporting charities & strategic partnerships that promote youth education, cultural exchange, mental health & the protection of the environment GLOBALLY are a key part of the REV3AL long term strategy, including clean & green crypto. Our community will not only champion artists and creators but will actively support projects and organisations that are working to make the world a better place.

“To improve is to change; to be perfect is change often”

Winston Churchill

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3 Mistakes When Buying an NFT

In 2017, 'crypto kittens' was basically a blockchain game where you could buy and breed two virtual cats to create a one-of-a-kind, collectible offspring. It created a one-of-a-kind crypto cat that belongs only to its creator using a mechanism called a Non-Fungible Token (NFT). Within a year, the market had grown to a million-dollar market. For onlookers, the most perplexing aspect was that these 'breedable infants' had no inherent value other than what gamers are prepared to spend for them. 

It’s the elation of the new form of Investment that keeps the adrenaline rush high and there are some blunders that one ends up doing. Here are three main mistakes one should avoid while buying an NFT. 

Stay away from click baits!  Never buy NFT from a non-verified account! 

RESEARCH! Research well … You can not just afford to buy your NFT from a non-verified account. It is a big No! No! And the reason why you should always avoid them is because there are a lot of scammers out there. 

The best way to find the verified accounts is from the official project leader. Majority of the time your NFT founder/ owner will actually publicly announce their open sea official accounts out there for you. So all you have to do is go under either twitter or discord in order for you to find the official open sea secondary market link so you can purchase with a peace of mind from those links. 

Read more to Invest better

The second mistake that one ends up making while buying NFTs is not researching & reading well enough on the NFT project. Do not invest in a project and an NFT just because an influencer said so. 

After you're made aware of the project, the first step is to go on their website and look at the team behind the project. Look at what they have been doing to set their project out for you and thoroughly understand their credentials. Look out for the roadmap. What does the team say that this project would do ? Is the project going to have a roadmap that allows the project to have longevity? Invest in an NFT that has a really bright future. 

Know the Artist behind the Art 

Now the next thing to look out for is their twitter and their discords - handles. Now this is not the best gauge of whether this project is good or not but it shall allow one to see how many people are actually involved in this project. How strong their community is; because at the end of the day it is all about supply and demand -  and the demand comes from a really strong community. 

Therefore if the project does not have a strong community then it's something that one should reconsider. The community often lives in their discord channel and on twitter. So these are two places to definitely look out for. That being said, the next thing to look out for is of course the artwork - if this is an artwork that you don't mind having on your wall even if the price goes down to zero you must like the art and enjoy the art otherwise don't buy it. 

In the same manner that cryptocurrencies have endured in the market, NFTs are expected to do so as well. They are now another example of a technology that has had a significant impact on the digital asset market, but they still raise certain questions on the area of origin and creator verification and authentication. 

Hence, to hardwire all such concerns, rev3al comes into picture. It is at Rev3al where we believe in being authentic because the world loves it. REV3AL Digital Copyright Protection & Anti-Counterfeit Technology protects artists, creators, and owners of Intellectual Property across the digital spectrum and into the physical world. REV3AL makes an appearance to protect, authenticate and verify beyond the blockchain. We make the best of our efforts to futureproof multi - factor authentication and anti counterfeit protocols ; and this applies to authenticate and interact with digital assets and NFTs in the physical world. To know more and to “Keep it Real” check out our website: https://www.rev3al.io/ 

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Rev3al Technology On How NFT Works?

on-fungible tokens (NFTs) are the latest rage in the crypto space and they are said to be the most valuable use cases of blockchain technology. A non-fungible token is a unique digital asset, like a bitcoin or a Picasso painting. It is unlike a fungible asset and has a fixed and unique identity on the blockchain. The NFTs are the base of the recently announced ERC-721 standard.

 In this article, we will discuss how Non-Fungible Tokens work in detail. Non-Fungible Tokens work in a completely different way from the fungible tokens that we use in day-to-day transactions. Let’s first understand what fungible and non-fungible means, and then we will discuss how it works of Non-Fungible Tokens work.  

What is a Non-Fungible Token (NFT)?

The non-fungible token (NFT) is a unique digital asset that is not divisible, has a fixed number, and cannot be substituted. The non-fungible token is created based on the unique properties of each blockchain. Thus, each asset is unique and cannot be replaced. NFT is becoming more and more popular in the blockchain world.

In simple words, fungible means that individual units of a commodity can replace each other.  In the blockchain world, fungible tokens are the standard tokens that we use for day-to-day transactions.  These tokens are used to represent a value, but the value is the same in every individual token.  For example, we use the ERC-20 standard tokens to represent the value of Ether.

How to create NFT?

The first thing to know about NFT is that it uses a combination of a smart contract and a special token called a crypto-fungible. The crypto-fungible has a unique serial number which ensures that it’s unique and can’t be replicated. The smart contract has information on the owner of the crypto-fungible, the description of the crypto-fungible and the owner of the smart contract. 

In this scenario, Person A has a crypto-fungible token that says that it belongs to Person A and that Person A owns a video game. Person B has a crypto-fungible token that says that Person B owns a polly-fibre. A third person, Person C, created a smart contract that says Person B can trade Person B’s polly-fibre for Person A’s video game. 

Person B used the NFT to represent Person B’s polly-fibre and Person A used the NFT to represent Person A’s video game. Person C used blockchain to create a smart contract that says that Person B can trade Person B’s polly-fibre for Person A’s video game.

 Person C used the smart contract to execute Person B and Person A’s transaction and to ensure that the trade was secure and that all the conditions of the trade were fulfilled. Person C paid a fee for this service.

What is the popular NFT use case?

The main thing that most people use Non-Fungible Tokens (NFTs) for right now is gaming and gaming collectibles. But there is potential for a lot more uses in the future.  People like to trade and sell their collectibles and it's possible that they could do this on a blockchain network. There's also a lot of people who make fan art and sell it for tokens. These tokens could be used as a show of appreciation and as a collectible like a trading card.

Conclusion

Making games is the easiest way to introduce the idea of NFTs to your users. Non-fungible tokens (NFTs) are a new data structure that makes it possible to create digital assets that are unique and verifiable. The main characteristic of these assets is that they cannot be duplicated, taken away, or destroyed. 

Non-fungible tokens (NFTs) are a relatively new and innovative technology, and the potential for their use cases is vast. They are similar to ERC-20 tokens in that they are built on the Ethereum blockchain. However, while ERC-20 tokens are all identical, NFTs are non-identical. They are unique. This might be a little confusing at first, but the implications of this are huge.

REV3AL Technology is a Digital Copyright Protection & Anti-Counterfeit Technology that protects artists, creators, and owners of Intellectual Property across the digital spectrum and into the physical world.